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Aug 13, 2013
08/13
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to get the eu concerned, they have conceded a couple of airline slots? >> well, this totally surprised me, and there's not a lot over outside the washington area between these two carriers. if the other big mergers were approved, this one certainly should have sailed through. the only way they are going to be fully competitive with the two bigger carriers, and it sounds like to me from what the doj said is they don't want the merger to happen, not a lot that u.s. airways and american can do to make it advantageous for them. a couple of competitive routes and overall it would have improved things for the consumer and certainly for the industry. now, this happening here, they are going to have to add to capacity and be more competitive which will maybe affect pricing for the whole industry and have the negative effect on all airline stock prices. >> very interesting. phil, i would also really like to know what happens to the reorganization plan for amr which has been in bankruptcy since 2011. where does that go from here? >> that's put on hold. the credito
to get the eu concerned, they have conceded a couple of airline slots? >> well, this totally surprised me, and there's not a lot over outside the washington area between these two carriers. if the other big mergers were approved, this one certainly should have sailed through. the only way they are going to be fully competitive with the two bigger carriers, and it sounds like to me from what the doj said is they don't want the merger to happen, not a lot that u.s. airways and american can...
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May 14, 2013
05/13
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own party. >>> there's no ala carte for eu members. an exit would be harmful for the block. >>> and japan's struggling sharp posts a bigger than expected annual loss. it hopes a new president will help bring it back into profit in the year ahead. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> we'll kick off with the iea data. the production in north america continues to grow at a record pace and refining capacity is expected to outpace demand in high growth emerging markets. this according to the international energy agency. 3.6 million barrels a day come out of maintenance and new saudi arabian capacity comes online. the oil production -- north american oil production will dominate world supply growth over the next five years, as well. we'll keep your eyes on that. clearly, prices are slipping on the back of that report. nymex down to 95.16. meanwhile, plenty of corporate news. business is not for sale accord to go dan loeb who reportedly wants a spin-off for more value. japan'
own party. >>> there's no ala carte for eu members. an exit would be harmful for the block. >>> and japan's struggling sharp posts a bigger than expected annual loss. it hopes a new president will help bring it back into profit in the year ahead. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> we'll kick off with the iea data. the production in north america continues to grow at a record pace and...
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Nov 12, 2013
11/13
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former central bankers speaking exclusively to cnbc disagree as the eu launches an investigation into the block's biggest economy. >> studying why germany is so successful internationally in my view is a lot of lessons in particular the periphery can learn from that. >> my friend is brilliant, but wrong in this particular case. germany is doing the wrong thing in five different ways. >> meanwhile, china's leadership prepares to release its economic reform plan to the world. >>> and on the on earnings front, vodafone unveils a $7 billion pound spending plan as weak trading in europe results in a record fall in core revenue. >>> a warm welcome to you. the it's has pledged an aircraft carrier and other vessels will go to the island as recovery efforts deny in the wake of typhoon haiyan. we'll have the latest from manila. >>> back in london, sotheby's is preparing to sell some of the world's most expensive whines at its auction tomorrow. >>> at 10:45 cet, are china's debt levels heading to a breaking point? china's debt policy could be on the brink of some kind of default. >>> and our inn
former central bankers speaking exclusively to cnbc disagree as the eu launches an investigation into the block's biggest economy. >> studying why germany is so successful internationally in my view is a lot of lessons in particular the periphery can learn from that. >> my friend is brilliant, but wrong in this particular case. germany is doing the wrong thing in five different ways. >> meanwhile, china's leadership prepares to release its economic reform plan to the world....
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Jan 31, 2013
01/13
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and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down at the session low. down around .0. the spanish market down 1.5%. that's down to bank stocks. they're all off heavily because of santander. santander is europe's largest lender in the eurozone. stock off 2.3% today. there's 2012 net profit more than halved hurt by big losses in real estate, write-downs and property assets. also key growth spots as latin america down, as well. they're setting aside another 18 billion or 19 billion euros for provisions in 2012. they said they may still sell some more addette az. there's a lot of restructuring going on, as well. the market
and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down...
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Mar 21, 2013
03/13
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the eu it's not a big deal for. for cyprus, in the future, they need to come up with a new way to propel the economy because they're not necessarily going to do it st way they had been doing it to this point? >> that's right. in any case, cyprus is going to have to restructure the economy. cyprus's banking system reaches close to 1,000% of its economy. the eu has already announced that it dmandz demands cyprus return that economy to 20% of gdp, talking about reducing it by two-thirds. that's going to happen in any case. right now, the question is, how quickly can you solve this problem? if you do it with restructuring of the bank, which is quite simple and that can be done in a couple of days, you reduce the government's financing demand requirement down to approximately 5 billion euros. because then all your financing are the government deficits. >> adam, thank you so much. >> my pleasure. >> becky, you highlight a really good point. what is very clear from this government and also from the people on the ground tha
the eu it's not a big deal for. for cyprus, in the future, they need to come up with a new way to propel the economy because they're not necessarily going to do it st way they had been doing it to this point? >> that's right. in any case, cyprus is going to have to restructure the economy. cyprus's banking system reaches close to 1,000% of its economy. the eu has already announced that it dmandz demands cyprus return that economy to 20% of gdp, talking about reducing it by two-thirds....
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Jul 1, 2013
07/13
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of view that feed into a common eu position. i would hesitate to say, not only does the united states try to make sense of those 28 position, now they feed into something larger, i strongly suspect the europeans are looking at each other saying, okay, if we have an issue on the table. >> of course the europeans don't have to spy on us. we have people leaking all of our secrets, but, p.j., let's talk about how the obama administration handled snowden. the president saying he wouldn't scramble jets over a 29-year-old. it's created problems with russia, it's created problems with china. what your take with the obama administration, how they have done and what they need to do. >> let's dissect that, interestingly enough the chinese moved snowden out of hong kong, expressly because they did not want him to be him the poster child of the u.s.-china relationship. now, putin is stuck with him. has become another face in a political and flexion complex relationship. it's an unfortunate situation. at the end of the day, you don't want to
of view that feed into a common eu position. i would hesitate to say, not only does the united states try to make sense of those 28 position, now they feed into something larger, i strongly suspect the europeans are looking at each other saying, okay, if we have an issue on the table. >> of course the europeans don't have to spy on us. we have people leaking all of our secrets, but, p.j., let's talk about how the obama administration handled snowden. the president saying he wouldn't...
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Mar 25, 2013
03/13
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members or less eu members? >> eu or euro? >> let's go euro members. >> i think oddly there might be a couple more. some of the more hard car or still keen to get into some club. but without any huge confidence i would harbor guess a couple of these guys might. if not they will be very close. >> so no one is going to leave. >> i want to go back to all the money that should be rushing out of the banks. >> you mean in cyprus? >> no. if you're corporate, money in french bank, italian bank, a bank in portugal. do you say, okay, let's rethink what we're doing here? >> you're going to have to. as it happens i personally have a small investment just a year ago in a greek-based online insurance company business. and they have luckily only a sphal part of cash. so they're getting whacked on it. having listened to these guys when i saw them last week they're certainly going to be thinking about these kind of issues. and any corporate with business exposure all around europe is going to be having -- your audit committee wo
members or less eu members? >> eu or euro? >> let's go euro members. >> i think oddly there might be a couple more. some of the more hard car or still keen to get into some club. but without any huge confidence i would harbor guess a couple of these guys might. if not they will be very close. >> so no one is going to leave. >> i want to go back to all the money that should be rushing out of the banks. >> you mean in cyprus? >> no. if you're corporate,...
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Feb 8, 2013
02/13
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there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its long
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed...
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May 14, 2013
05/13
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if it pulls out of the eu. he has threatened he would remove that churchill bust on the white house. >> that's not going to hold -- >> he already did that. i'm sorry. >> when did this all happen? we've been talking about this for a long time. there hasn't been a tipping point. dan loeb who made a small fortune buying up greek bonds. frankly, had he listened to a lot of the conversation over the past year he wouldn't have necessarily done that. >> are you tying this back to your story again, talking about dan loeb? >> dan loeb. >> he broke a big story last night with dan loeb. >> did you mention too big to fail? >> definitely not the movie. he could have a cameo in the new paper back. we're updating that and it will be available on -- no. >> do you feel like you missed some of the move over there recently? >> no. i'll tell you what when i first warned about greece it was january 13th january 13th, 2010. we've never seen that level again. i'm talking much more with investors, insurance companies, money managers b
if it pulls out of the eu. he has threatened he would remove that churchill bust on the white house. >> that's not going to hold -- >> he already did that. i'm sorry. >> when did this all happen? we've been talking about this for a long time. there hasn't been a tipping point. dan loeb who made a small fortune buying up greek bonds. frankly, had he listened to a lot of the conversation over the past year he wouldn't have necessarily done that. >> are you tying this back...
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Sep 4, 2013
09/13
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and the eu to reach a high standard comprehensive agreement with create more jobs and opportunity on both sides of the atlantic. as i head into the g-20, i shared my view that here in europe and around the world we've got to stay focus on creating jobs and growth that's going to be critically important not only for our economies but also to maintain stability in many of our democracies which are under severe stress at this point. finally i want to salute sweden along with all the nordic countries for your strong support for democracy and development. strengthening democratic governance in eastern europe, global efforts against aids, tb and malaria, responsible development in africa. i want to thank in advance the prime minister for hosting our meeting tonight with leaders of all the nordic countries and i look forward to our discussion. so to prime minister, thank you so much for your hospitality and the people of sweden, thank you. this is a wonderful visit, and i'm looking forward to it producing concrete results that will enhance the lives of both the american people and the peopl
and the eu to reach a high standard comprehensive agreement with create more jobs and opportunity on both sides of the atlantic. as i head into the g-20, i shared my view that here in europe and around the world we've got to stay focus on creating jobs and growth that's going to be critically important not only for our economies but also to maintain stability in many of our democracies which are under severe stress at this point. finally i want to salute sweden along with all the nordic...
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Mar 20, 2013
03/13
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that was a key part of the eu bailout terms. the finance minister is in moscow today with mounting speculation that russia could step in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignant they weren't brought into talks. let's hear what he had to say earlier on about the state of the current talks. >> first meeting very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we hope we will get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >> we are talkin
that was a key part of the eu bailout terms. the finance minister is in moscow today with mounting speculation that russia could step in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the...
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Jul 17, 2013
07/13
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and then visa, mastercard, and american express are all moving on an ft report that the eu, an eu proposal, would cap currently lucrative fees collected by credit card companies and to process transactions. and you'll see an across the board weakness then. >> when we return, ray dalio's right hand man david mccormick, he'll be joining us. all leading up to our very special presentation, jack lew. a big morning on "squawk box" live from new york city. i turn ed 65 last week. i turn the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you
and then visa, mastercard, and american express are all moving on an ft report that the eu, an eu proposal, would cap currently lucrative fees collected by credit card companies and to process transactions. and you'll see an across the board weakness then. >> when we return, ray dalio's right hand man david mccormick, he'll be joining us. all leading up to our very special presentation, jack lew. a big morning on "squawk box" live from new york city. i turn ed 65 last week. i...
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Oct 29, 2013
10/13
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>> so the eba's aqr didn't apply to switzerland as we're not a member of the eu. we've been highlighting in our outlook statement, in terms of sentiment has been concerns about structural issues and the european economy, the u.s. fiscal situation, but also the european banking system and concerns about capital. so the aqr review is a necessary step in order to help investors get more comfortable with the capitalization of banks. and no doubt we'll see some increases to capital as a result of that review. >> tom, let's talk a little bit about tapering and what that's done to the volatility and the markets and what in turn has meant for business. the third quarter was the period where we had everyone anticipating there was going to be a taper. people have completely changed their minds since then. the expectation is now that they won't taper until march or april of next year. so what has that meant just for volatility in the markets? what's that mean? >> well, if we look at the tapering discussion in the last quarter in the third quarter, it certainly affected our r
>> so the eba's aqr didn't apply to switzerland as we're not a member of the eu. we've been highlighting in our outlook statement, in terms of sentiment has been concerns about structural issues and the european economy, the u.s. fiscal situation, but also the european banking system and concerns about capital. so the aqr review is a necessary step in order to help investors get more comfortable with the capitalization of banks. and no doubt we'll see some increases to capital as a result...
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Feb 21, 2013
02/13
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this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
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Jul 18, 2013
07/13
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. >> he also expanded on the individual countries within the eu. >> for the time being, the information that we have regarding the advertising market not really extremely encouraging. what we see is a situation where by italy still facing a lot of difficulties, spain is still very negative, france is not yet totally out of a negative growth. germany's doing slightly better. so i'm quite cautious regarding europe. we are currently forecasting for the end of the year, quite positive for the publicis group but we have to bear in mind the fact that the imf has changed its forecast for the four-year, five times in 2013, and all the times it has been in downgrading the forecast. we have also the same situation with the forecast of a reduction in investment in advertising, so we remain cautious. we have some very strong and very positive aspect within the publicis group. we believe that we will not only be able to catch up internal objective, but take maximum advantage of the growth which is forecasted for 2014. >> we have some numbers crossing from the spanish auction. and the main takeaway m
. >> he also expanded on the individual countries within the eu. >> for the time being, the information that we have regarding the advertising market not really extremely encouraging. what we see is a situation where by italy still facing a lot of difficulties, spain is still very negative, france is not yet totally out of a negative growth. germany's doing slightly better. so i'm quite cautious regarding europe. we are currently forecasting for the end of the year, quite positive...
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Feb 13, 2013
02/13
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he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration discussion. >> yeah. >> i think this whole matter should have been resolved years ago. i still think it should be resolved and resolved quickly. thick this who i think this whole focus protecting the border, et cetera. nobody's coming to the united states anymore. the jobs aren't here. in reference to your comments about the president's speech last night, i think this whole direction of renaissance of manufacturing is wonderful. it's terrific. the only problem is we don't have the talented -- we don't have the bodies. so if i were betting, i would say the more the president encoura encourages domestic
he did lay out things like trade agreement with the eu, natural gas, in terms of balancing the budget, how you do that. probably disagreement how he gets there and talked about manufacturing and immigration. seems like a few ideas some business leaders could get on board. from the business roundtable they liked immigration and natural gas parts. obviously, there's a lot of other stuff in there they didn't lik like. >> personally, i can't believe in 2013 we're still having an immigration...
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Nov 26, 2013
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changes the way it treats eu citizens online data. and this is what we -- this is google, microsoft, everybody who does business in europe, that goes to the larger issue of how much more challenging it's going be for u.s. businesses to do business abroad because of the politics of the moment and whether other countries are going to say, you know what? we're alnxious that you're -- because you're a u.s. company that your information is going to be somehow blow over. >> cisco tried to say that and then they asked was it material to your results? oh, no, no. >> i don't think it's material yet, but i think it could be a -- assuming this becomes a bigger and bigger story. >> no, no. >> you saw that they -- unless you have an incompetent spy agency, you're doing it, too. and then if you're not doing it, then you just feel incompetent. >> i think the france, uk, i'm not sure germany and doing it the way you might thing. germany wouldn't be doing it? >> i think there's something countries not doing things as aggressive as we are. >> germany i
changes the way it treats eu citizens online data. and this is what we -- this is google, microsoft, everybody who does business in europe, that goes to the larger issue of how much more challenging it's going be for u.s. businesses to do business abroad because of the politics of the moment and whether other countries are going to say, you know what? we're alnxious that you're -- because you're a u.s. company that your information is going to be somehow blow over. >> cisco tried to say...
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Aug 30, 2013
08/13
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with the support of the eu and regional forces, they can sink the entire iranian navy within 48 hours. so that would be over. so with saudi arabia having the swing production, u.s. about 7.6 million barrels a day and increasing steadily, that is safe, secure, reliable. we don't have any pirates off the coast of new jersey yet. so with that being the case, how do you look at this $150 and $200 per barrel oil pricing scenario. especially if something spikes up, it won't lay us. >> okay. richard, thank you. still too expensive as far as i'm concerned. although gas still hasn't -- well, you wouldn't know. ask your driver. >> i will. we'll talk about another critical issue, but not nearly as critical. it is now getting down to critical mass in the cbs/time warner cable dispute with the nfl season now just days away. joining us from new york to spra explain what may or may not happen, jason blair. good morning. >> good morning. >> we are days away. what's going to happen? >> there is clearly an imbalance of power when the owners of content and the distribute tors of content. today the conte
with the support of the eu and regional forces, they can sink the entire iranian navy within 48 hours. so that would be over. so with saudi arabia having the swing production, u.s. about 7.6 million barrels a day and increasing steadily, that is safe, secure, reliable. we don't have any pirates off the coast of new jersey yet. so with that being the case, how do you look at this $150 and $200 per barrel oil pricing scenario. especially if something spikes up, it won't lay us. >> okay....
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May 2, 2013
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and this is more on the back of the pm now saying he wants to put growth at the top of the next eu summit. and there is this thought this if they can get the tax potentially on the politics of austerity in europe, that is going to help out both italy and spain and that's why yields continue to move lower in a low-yield environment. that's where we stand right in and out in europe. back to you guys. >> thank you, ross westgate, we will see you very soon. >>> we're now going to tell but a story royaling wall street and washington. the nyse is investigating stock surges tide to a federal information leak. subpoenas have been issued to firms and individuals w in connection with a leak last no. that case in question deals with a d.c. political intelligence firm which alerted its clients that the government would soon make a decision favoring health insurers who participated in a medicare program. that alert talked to surges carrying several major health concerns. the official government was not made until the next day. joining us to toss about what this means. good morning. >> good morning ins
and this is more on the back of the pm now saying he wants to put growth at the top of the next eu summit. and there is this thought this if they can get the tax potentially on the politics of austerity in europe, that is going to help out both italy and spain and that's why yields continue to move lower in a low-yield environment. that's where we stand right in and out in europe. back to you guys. >> thank you, ross westgate, we will see you very soon. >>> we're now going to...
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Jan 24, 2013
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/eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value ad
/eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here,...
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Mar 19, 2013
03/13
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it may not matter for the market's immediate reaction, but i think it still matters for the eu going forward. >> i'm surprised. i have to tell you, i'm surprised. yesterday i felt the reaction was fairly muted given what i thought was a very serious development. i think this is almost as unprecedented action. i think -- even know they're talking about trying to change it. i mean, i think the damage has been done and i think the ramifications of this, you know, could end up -- i mean, i'm not sure we can feel confident that we won't see a deposit play in the end. i think time will tell whether or not this is a more serious development than the market certainly even yesterday. >> when you say deposits, are you talking about deposits from cyprus or spain and england. >> that's exactly right. i'm not sure that we can rule that out. this is something that we've got to be watching very carefully. >> i'm in the camp that actually it's not as important. >> and i would just say also, you know, to be a little more cynical is that negative interest rates are just a different -- and inflation ar
it may not matter for the market's immediate reaction, but i think it still matters for the eu going forward. >> i'm surprised. i have to tell you, i'm surprised. yesterday i felt the reaction was fairly muted given what i thought was a very serious development. i think this is almost as unprecedented action. i think -- even know they're talking about trying to change it. i mean, i think the damage has been done and i think the ramifications of this, you know, could end up -- i mean, i'm...
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May 8, 2013
05/13
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it's also boosted the eu euro/dollar. we are following on this liquidity. we're following on coattails as we say. >> pay attention. we'll find out from the next guy some important stuff about whether there's a lot left here and when you would maybe expect a correction. we'll define correction and everything else. another record breaking day on wall street. above 15,000. joining us now to talk more about the milestone is chief investment strategist at raymond james. the first question to ask and you give good reasons, the question is because a lot of this is liquidity based from the fed, that doesn't necessarily mean it's not justified. that liquidity can eventually cause the economy to do better, cause corporate profits to go higher. i'm not ready to write it off just because it's the fed that it's not justified. is it about half and half? half of liquidity and half that seeps into making things better? >> i think that's well said. i think the real estate recovery, housing recovery is for real. it's not just the fed. the fed brought out the double barreled
it's also boosted the eu euro/dollar. we are following on this liquidity. we're following on coattails as we say. >> pay attention. we'll find out from the next guy some important stuff about whether there's a lot left here and when you would maybe expect a correction. we'll define correction and everything else. another record breaking day on wall street. above 15,000. joining us now to talk more about the milestone is chief investment strategist at raymond james. the first question to...
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May 9, 2013
05/13
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and that's basic "the wall street journal" has decided that the eu has decided to slap tariffs on chinese solar panels and this comes after a similar move by washington and the solar panel is struggling with oversupply. and the markets, the u.s. market, as well as the european market are really the key major markets for solar panels. the companies that i've been talking to say they're really worried about the outlook for the u.s. market for them as well as for the european market essentially with its latest news. >> eunice, thank you very much. great talking to you and we will talk to you again soon. >>> when we come back, a money manager who says that bonds, stocks, are the investment toes be exploring right now. that is different than we've heard from a lot of investors lately. >>> in news outside the world of business today, prince harry will be arriving in washington to kick off his seven-day tour to the united states. a visit to super storm andy ravaged shores is on the itinera itinerary. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all
and that's basic "the wall street journal" has decided that the eu has decided to slap tariffs on chinese solar panels and this comes after a similar move by washington and the solar panel is struggling with oversupply. and the markets, the u.s. market, as well as the european market are really the key major markets for solar panels. the companies that i've been talking to say they're really worried about the outlook for the u.s. market for them as well as for the european market...
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Nov 6, 2013
11/13
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the wall street journal reports microloans rose 31% in the eu from 2008 to 2011. in the wake of a public outcry over so-called "pink slime" in beef, cargill is making some changes. cargill is one of the world's largest producers of ground beef, but was spared much of the backlash that hit competitor beef products that were using pink slime as a filler. as consumers demand more transparency-- starting next year-- cargill plans to label its meat: as finely textured beef that is exposed to citric acid to kill e. coli. although cargil did not use pink slime, demand for its beef dropped an estimated 80% in 2012. blommer chocolate company, the largest cocoa processor and ingredient chocolate supplier in north america suffered a fire at it's chicago facility, tuesday morning. a firefighter said one of the factory's five- story chocolate roasters caught fire after five a.m. more than a hundred workers were evacuated and no one was injured. but a mechanic at the plant said water used to put out the fire contaminated chocolate on the production line. in a statement, a blomm
the wall street journal reports microloans rose 31% in the eu from 2008 to 2011. in the wake of a public outcry over so-called "pink slime" in beef, cargill is making some changes. cargill is one of the world's largest producers of ground beef, but was spared much of the backlash that hit competitor beef products that were using pink slime as a filler. as consumers demand more transparency-- starting next year-- cargill plans to label its meat: as finely textured beef that is exposed...
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Mar 11, 2013
03/13
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it was really 2010, the imf, the eu. we have been on a program of doing two things. one is expenditure cuts. the other is tax raising. the expenditure cuts are two to one in terms of tax. we have about 75%, 80% on us. one of the things that's happening in ireland is because of the down turn in the economy, competitiveness is improving, which helps attract international business. >> what sort of businesses have you been attracting recently? have you lured any large investments in the last year or so? >> yeah. most certainly. predominantly from the u.s., particularly in the technology sector. boston scientific, johnson & johnson. google els, ebays, pay pals. so we have been attracting quite a good feel and definitely held by competitiveness improvements. >> what sort of investments have you attracted, though? are these new factories that people are coming in? is this additional money they have been willing to put in? >> so it's two-fold. if i take an example, we have won about six investments in the pharmaceutical and biofarm suit sal area. eli lily is spending $420 mi
it was really 2010, the imf, the eu. we have been on a program of doing two things. one is expenditure cuts. the other is tax raising. the expenditure cuts are two to one in terms of tax. we have about 75%, 80% on us. one of the things that's happening in ireland is because of the down turn in the economy, competitiveness is improving, which helps attract international business. >> what sort of businesses have you been attracting recently? have you lured any large investments in the last...
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Feb 18, 2013
02/13
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most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last night promised to hold a referendum on the matter in 2017. and the troubles amounting to the spanish flagship airline iberia is likely to cause widespread chaos and cost the airline millions. the strike begins tonight. 70,000 passengers are likely to be affected, piling further pressure on the nation's already struggling tourist industry. iberia report a loss of 25 2 million euros during the first nine months of 2012. >>> francesca is still with us. we want to get your thoughts on a km of themes here. i know we've been talking about the eu, we've did you discussed how you see the euro special being a headwi
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last...
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Feb 28, 2013
02/13
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that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these things, the u.s. watches that very closely. what do you think of their policy? >> yes, of course, we do watch it. but i think it's much overblown to speak of the currency war, something like that. what we observe is that the japanese central bank, the japanese government, wants to avoid the deflationary development, which i think makes a lot of sense. so i'm not too much concerned about that. >> so it's not a beggar thy neighbor policy at this point with the central banks around the globe? >> no. if it really leads to higher growth, that is the intention to have, then it's not beggar thy neighbor, then it's
that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these...
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Oct 24, 2013
10/13
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going to happen in the banks stress tests are going to be very much a part of what's happening with the eu leaders. mario draghi is going to sit down at the dinner table and talk through the idea of greater transparency. we keep carrying around this idea of backstops for whatever comes out of these stress tests. that's not part of the discussion with regards to was being discussed with regard to the resolution mechanism and what happens in the future. and draghi said it. yesterday, he said as far as he's concerned, the leaders have already promised at a national level to backstop these banks. we have the rules in place. we have the idea that these banks would go out and get cash from the -- borrow money from the private sector. they would see a bailin situation. then ultimately if there's still a problem, maybe it's a case of building a dam as far as this resolution mechanism is concerned once the floods already happened. but i think as far as issues in the banking sector is concerned, there's plenty of rain perhaps to come. on that note, louisa, back to you. >> julia, thank you very much.
going to happen in the banks stress tests are going to be very much a part of what's happening with the eu leaders. mario draghi is going to sit down at the dinner table and talk through the idea of greater transparency. we keep carrying around this idea of backstops for whatever comes out of these stress tests. that's not part of the discussion with regards to was being discussed with regard to the resolution mechanism and what happens in the future. and draghi said it. yesterday, he said as...
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Mar 19, 2013
03/13
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there are concerns that if they reject the proposal from the eu and this bank deposit tax, that they're going to go bankrupt. is there a fear of that right now? >> yeah, that's right, there is a fear of cyprus going bankrupt. the vote this evening on the bank deposits tax was a resounding no to the proposal prepared for cyprus, from troika, from its european union piers and from the imf. so the fact that this proposal has now been thrown off the table opens a large amount of uncertainty in regards to cyprus' future. >> so, what are the alternatives, then, in terms of this bailout? is this the bailout now dead on arrival? how is this paid for? >> well, the fact is that from now on, there are many questions in terms of what this bailout will comprise of. let's not forget that that cyprus had asked for this bailout last summer. and now they reached this summer stage in march. so it took many months, even to reach here. so from now on, they're starting anew, full negotiations. from what we understand, there will be meetings in brussels in an attempt to find a formula which is acceptable for
there are concerns that if they reject the proposal from the eu and this bank deposit tax, that they're going to go bankrupt. is there a fear of that right now? >> yeah, that's right, there is a fear of cyprus going bankrupt. the vote this evening on the bank deposits tax was a resounding no to the proposal prepared for cyprus, from troika, from its european union piers and from the imf. so the fact that this proposal has now been thrown off the table opens a large amount of uncertainty...
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Nov 27, 2013
11/13
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all, strengthening us and the eu. together of course we are over 50% of global gdp. even as china rises, that is a big number. then integrating in services, and something that is never talked about, integrating in terms of standards. the eu eats our lunch around the world in terms of global standards for obvious reasons. it is a very large entity, and that hurts american businessmen or mislead. if you are using the eu standard unplugs rather than the american standard, that is a big problem. integrating and getting common standards is enormous. in asia, if they can accomplish ttp and then leave open the possibility of china joining, that would ultimately be like a regional wto where we are strongly connected to all the countries in the region, and the americas. of course, mexico and various other latin american countries are a part of this transpacific trade agreement. that is an enormous challenges that we have to be able to bring home. the second is addressing the problems created by the nsa spying, by prism. this i
all, strengthening us and the eu. together of course we are over 50% of global gdp. even as china rises, that is a big number. then integrating in services, and something that is never talked about, integrating in terms of standards. the eu eats our lunch around the world in terms of global standards for obvious reasons. it is a very large entity, and that hurts american businessmen or mislead. if you are using the eu standard unplugs rather than the american standard, that is a big problem....
WHUT (Howard University Television)
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Jan 1, 2013
01/13
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. >> we are a better countrry3 tan we used to be ut eú& have more to do it anddwe3 need to get at it. &-get the buzz you get fromúworking at the absolute top dollar a year place. >> bob balaban,,welcome, >> hell glow. p> coogratulations n this.3 >> thank you. &-writing for kids than moss people know. >> i guess sso. >> heemcgraw series which is a funnseries of books. >> thank you. >> sseen 8. >> six. &- >> aalot f them ot jjst3 one. >> i havv burned loo of midnight il and 5 in the morninggoil. the context of this and the creatuue from the seventt grade which is just out and i imagine is the fiist of four..3 >> of four.3 two and i am ssarting three. >> it'ssa real book. parent who isshave kids who are approprrate for this book, middle school agee say, kids maybe some younger, maybe some older should notice not a book with a lot of big pictures and aafew words..3 it is reaa book.ú& >> yess theyymaae me write a3 lot of words..3 >> it is a reel story. ú& >> iihave to dd that. >> anddittis interestingú first book well,,the reason somewhat my pprpose in having book with a diiosaur onnth
. >> we are a better countrry3 tan we used to be ut eú& have more to do it anddwe3 need to get at it. &-get the buzz you get fromúworking at the absolute top dollar a year place. >> bob balaban,,welcome, >> hell glow. p> coogratulations n this.3 >> thank you. &-writing for kids than moss people know. >> i guess sso. >> heemcgraw series which is a funnseries of books. >> thank you. >> sseen 8. >> six. &- >> aalot f...
WHUT (Howard University Television)
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77
Jan 22, 2013
01/13
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WHUT
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eye 77
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. >> we are a better countrry3 tan we used to be ut eú& have more to do it anddwe3 need to get at it. &-get the buzz you get fromúworking at the absolute top dollar a year place. >> bob balaban,,welcome, >> hell glow. p> coogratulations n this.3 >> thank you. &-writing for kids than moss people know. >> i guess sso. >> heemcgraw series which is a funnseries of books. >> thank you. >> sseen 8. >> six. &- >> aalot f them ot jjst3 one. >> i havv burned loo of midnight il and 5 in the morninggoil. the context of this and the creatuue from the seventt grade which is just out and i imagine is the fiist of four..3 >> of four.3 two and i am ssarting three. >> it'ssa real book. parent who isshave kids who are approprrate for this book, middle school agee say, kids maybe some younger, maybe some older should notice not a book with a lot of big pictures and aafew words..3 it is reaa book.ú& >> yess theyymaae me write a3 lot of words..3 >> it is a reel story. ú& >> iihave to dd that. >> anddittis interestingú first book well,,the reason somewhat my pprpose in having book with a diiosaur onnth
. >> we are a better countrry3 tan we used to be ut eú& have more to do it anddwe3 need to get at it. &-get the buzz you get fromúworking at the absolute top dollar a year place. >> bob balaban,,welcome, >> hell glow. p> coogratulations n this.3 >> thank you. &-writing for kids than moss people know. >> i guess sso. >> heemcgraw series which is a funnseries of books. >> thank you. >> sseen 8. >> six. &- >> aalot f...
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88
Feb 18, 2013
02/13
by
KNTV
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eye 88
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's >>> our entrepreneurs born or made? my next guest tells a remarkable story of innovation. she remade her own life, surviving a difficult youth in mao's china and american technology pioneer. king few is author of the memoir "bend not break." ping, great to have you on the program. thanks for joining us. >> so pleased to be here, maria. >> the memoir is actually a page turner. we were so looking forward to ha having you. it's been quite a journey. beginning with being sent to a labor camp at age 8 where you cared for
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Mar 28, 2013
03/13
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CSPAN2
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one is an eu u.s. trade agreement, and the second is the ttp that we are trying to do in the pacific region. what would that do to american companies exporting abroad? what would it do for your company? >> well, i think, you mentioned my chairmanship of the pack, presidents export council. so we've been actively engaged as american industry as well as boeing as the country's largest exporter in this issue. and these agreements are difficult to get done, but it is always worth the effort, in my view. because ultimately we have been out run over the last two or three decades. other parts of the world have cut free trade agreements and we are catching a. we used to lead in fda's around the world. the tpp and eu trade great you just mentioned would put us back out ahead. and i did miss nation a great deal of credit here, quite frankly. in a, whether it was columbia, panama or korea which is really catch up in terms of catching up to deals that our competitors already have with those countries, but tpp and
one is an eu u.s. trade agreement, and the second is the ttp that we are trying to do in the pacific region. what would that do to american companies exporting abroad? what would it do for your company? >> well, i think, you mentioned my chairmanship of the pack, presidents export council. so we've been actively engaged as american industry as well as boeing as the country's largest exporter in this issue. and these agreements are difficult to get done, but it is always worth the effort,...
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May 29, 2013
05/13
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cisco systems is asking an eu court to annul the approval of the purchase of skype saying regulators were wrong in allowing the creation of a monopoly. cisco's challenge follows the european commission's approval of that deal back in 2011. microsoft was not required to make any concessions for buying the internet, video and voice messaging company which cisco argues has given microsoft an unfair advantage. >>> the markets this morning as we mentioned, the futures are considerably weaker. if you've been looking at oil prices, they have come down slightly too. down about 48 cents to 94.53. opec says it will need to pump more oil than previously thought to balance the market in 2015 and expects global consumption to be much higher for this year. the ten-year note, the yield at this point, 2.133%, that yield has dropped slightly from yesterday when it reached the highest level that it's seen since april of 2012. the dollar is weaker this morning. it's down across the board. right now the euro's at 1.2966, gold prices have been slightly weaker. actually, they've turned around. at this poi
cisco systems is asking an eu court to annul the approval of the purchase of skype saying regulators were wrong in allowing the creation of a monopoly. cisco's challenge follows the european commission's approval of that deal back in 2011. microsoft was not required to make any concessions for buying the internet, video and voice messaging company which cisco argues has given microsoft an unfair advantage. >>> the markets this morning as we mentioned, the futures are considerably...
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Nov 10, 2013
11/13
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i have this french man supervisor of eu just screaming at me. i don't understand what he's saying but he's very nervous. i went there and it was like a really big car accident in the middle of the street so everybody watching this facade of orange some laughing and some screaming and saying what's happening and this guy says this is scandal. this is a horrible color that is a scandal. how one can stand this. i said, okay. we want to do it. they said, no. stop it. it's out of standards. i said do you see anything in eu standards now? he said, no, this is with our money. if you want to stop it, i'll make a press conference and say that you are acting like the commission that decided what color the sky and what color is land and what color is skin of people. and then he said we negotiate. i said every negotiation is great. every consensus is great. the effect was fantastic. people started to participate and reshape their shops and everything so they felt safer. it was a beautiful thing. >> there's this theory in the united states called a broken wi
i have this french man supervisor of eu just screaming at me. i don't understand what he's saying but he's very nervous. i went there and it was like a really big car accident in the middle of the street so everybody watching this facade of orange some laughing and some screaming and saying what's happening and this guy says this is scandal. this is a horrible color that is a scandal. how one can stand this. i said, okay. we want to do it. they said, no. stop it. it's out of standards. i said...
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Dec 10, 2013
12/13
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-shton of the eu was a u.s. iran draft. this took a number of our p5+1 partners by surprise. they would like to have a greater role in the production of this document. that led to foreign minister ' public remarks. within 24 hours, they had a text . going forward and managing that group, it will be difficult. on the one hand, if there is going to be progress, it will be the result of u.s.-iran bilateral interaction. but they have a legitimate role. eu sanctions played a critical role in moving the iranian calculus. you also have the russians and the chinese, happy with any deal. they are not going to be as fussy in a final outcome. management is going to be tricky. i think that by and large all of the participants in the own,ss, outside of your have a shared interest in the situation being resolved and not letting it slide into a state in takessome explosion place. and massive rates among -- and massive regional violence erupts. there is a subtle difference in the long-range interests of the europeans, the japan
-shton of the eu was a u.s. iran draft. this took a number of our p5+1 partners by surprise. they would like to have a greater role in the production of this document. that led to foreign minister ' public remarks. within 24 hours, they had a text . going forward and managing that group, it will be difficult. on the one hand, if there is going to be progress, it will be the result of u.s.-iran bilateral interaction. but they have a legitimate role. eu sanctions played a critical role in moving...
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Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> our entrepreneurs born or made? my next guest tells a remarkable story o
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Nov 10, 2013
11/13
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i said do you see anything in eu standard? i said if you want to stop it then you are acting like what color is the sky, the land and the skin on the people. and then he said we may negotiate. so we did and then the effect was fantastic. people started to participate and reshade their shrubs and they felt safer. this was a beautiful thing. >> there is a theory called the broken windows theory. you go into the crime ridden neighborhood and the first thing you do is fix the broken windows and that gives people a sense of order and they start reclaiming it. >> beauty is more intimidating than brutality. what you can do with colors, greenery and lighting you can never do with police and law enforcements in the neighbor where people have nothing to lose. >> up next, the key to a tv rating success in norway. not gps, it extend about wooley sweaters. in the nation, sometimes bad things happen. add brand new belongings from nationwide insurance and we'll replace stolen or destroyed items with brand-new versions. we put members first.
i said do you see anything in eu standard? i said if you want to stop it then you are acting like what color is the sky, the land and the skin on the people. and then he said we may negotiate. so we did and then the effect was fantastic. people started to participate and reshade their shrubs and they felt safer. this was a beautiful thing. >> there is a theory called the broken windows theory. you go into the crime ridden neighborhood and the first thing you do is fix the broken windows...
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120
Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the entrepreneur who became china's consult cultural revolution to become a star of america's capitalism. ping fu will join me. >> this is a 3d printed shoe. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> are entrepreneurs born or made? my next guest tells a remarkable story
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the...
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Jan 14, 2013
01/13
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now this morning saying eu commission, the european union body is basically saying no-go with the deal. it was sproefd to close towards the end of the last year. obviously, hasn't happened. today you can see the shares down 40%. this company is going to need a new ceo, a new strategic vision. and its biggest shareholder down about .3% on the news. fedex declined to comment this morning. now let's turn our attention briefly to this. it gives us a sense of this mentality of the crisis being over, that it's kind of gripped investors to keep hearing the bullish comments we have on people in the program. spain's ten-year still below 5% even though we're seeing prices down this morning and the yield for the ten-year in italy down 4.2. quick look at the euro/dollar which is benefiting here and has been doing pretty well of late. 1.3359. adding another .1%. just for joe, i'm going to skip talking about the yen today and that's in part because the nikkei is closed. back to you guys. >> i thought you were going to reference your -- is that a golden -- were you at the gold b globes? that looks li
now this morning saying eu commission, the european union body is basically saying no-go with the deal. it was sproefd to close towards the end of the last year. obviously, hasn't happened. today you can see the shares down 40%. this company is going to need a new ceo, a new strategic vision. and its biggest shareholder down about .3% on the news. fedex declined to comment this morning. now let's turn our attention briefly to this. it gives us a sense of this mentality of the crisis being over,...
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Feb 14, 2013
02/13
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the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a really deep decline. >> meanwhile, did we mention this? greece's economy, unemployment rate sitting 27% as of november. >>> so with those numbers, let's get out to jens nordic. we are just seeing euro/dollar to 1.3340. we hit a little weaker than this, 1.3 25, somewhere around there. where -- and dollar index is at a one-month high. do these gdp numbers matter for the future direction of the euro? because a lot of people are pointed to do pmi and the ifo signaling the worst is behind us. >> i think they actually do matter. i think we're
the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a...
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Nov 12, 2013
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they are able to trade without tariffs, with the eu, with certainly the u.s. and canada. they have got an agreement with brazil. so, they are really at a crossroads of being able to build vehicles and export them pretty readily you pretty quickly. >> who are the leading exporters of automobile us in this country? nissan leads the way, almost 700,000 vehicles will be built here, 90% of them exported followed by vw hand general motors and why are we here at this opening? because we are going to have a chance to talk with ceo carlos go on "squawk on the street," a little after 10:30. you down the want to miss this interview, talking to him not only about the growth here in mexico but les about some interesting teases for a potential new product similar to google glass that nissan may be be showing at the tokyo auto show. that is on "squawk on the street." >> phil, thank you. i guess a lot of this has to do with the new administration in mexico, too, which seems to be very open to any sort of trade and getting foreign investments to come to the country, too. >> direct foreign
they are able to trade without tariffs, with the eu, with certainly the u.s. and canada. they have got an agreement with brazil. so, they are really at a crossroads of being able to build vehicles and export them pretty readily you pretty quickly. >> who are the leading exporters of automobile us in this country? nissan leads the way, almost 700,000 vehicles will be built here, 90% of them exported followed by vw hand general motors and why are we here at this opening? because we are...
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Dec 27, 2013
12/13
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been holding things back, though, is aftershocks, i think, from the financial crisis, 2012 it was the eu. this year has been washington. it's been all sorts of things. i think that stuff feels like it's behind us. nobody is going into a panic mode anymore. >> so, bob, are you saying that the conversation in the boardrooms now is much more confident, or is there still a lot of anxiety? because there has been cash on the books for a couple years now, so why will 2014 be the year they go out and do mergers or buy up companies? >> there has been a number of pretty significant transactions last year. mostly strategic, though, tokyo electr electron, amd, the verizon deal itself. so there's been some big strategic things but what really drives the market is the so-called add on, not a merger as such but buying something that fits into your business, and it hasn't been that we've been fearful. we've just lacked confidence, and frankly, almost every other month or so in the last 24, there's been something that's come sideways and sort of knocked the market off course. i think participant of it is
been holding things back, though, is aftershocks, i think, from the financial crisis, 2012 it was the eu. this year has been washington. it's been all sorts of things. i think that stuff feels like it's behind us. nobody is going into a panic mode anymore. >> so, bob, are you saying that the conversation in the boardrooms now is much more confident, or is there still a lot of anxiety? because there has been cash on the books for a couple years now, so why will 2014 be the year they go out...
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Jan 18, 2013
01/13
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david cameron puts off his big eu policy pictures first. the fed putting out a statement saying there are less than 30 british nationals overnight in those events. in the meantime, a moratorium indicating that the terrorist groups are going to use these kidnappings as a way of furthering their activity and raising funds. they're warning algerians, in fact, to stay away from some of these sights and is we've had guests this morning telling us that they think the market is underappreciating that this is a game changer in activity not just in mali, but across west africa in general. lastly, the aussie/dollar is down, too. there is some risk coming out in this risk off despite stocks doing better. the dollar/yen had punched through 90. it's now below 89. that was above 1 is.25. it's moving back to some of its gains. so some major levels hit in forex today, guys. it's not just about 1500 on the s&p. although to be sure, people around the world will be watching that level, as well. back over to you. >> kelly, are you behind the jap foes because t
david cameron puts off his big eu policy pictures first. the fed putting out a statement saying there are less than 30 british nationals overnight in those events. in the meantime, a moratorium indicating that the terrorist groups are going to use these kidnappings as a way of furthering their activity and raising funds. they're warning algerians, in fact, to stay away from some of these sights and is we've had guests this morning telling us that they think the market is underappreciating that...
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Feb 22, 2013
02/13
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we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circums
we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back...